Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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Charles
Thank you sma3! We are spending this summer in northwest again. I have no quiet place I can be before noon eastern (9 am here). Library opens at 9am! I've set up a session for Friday, 2 pm eastern ... posted on board. But, if that does not work, just call me at 805 468 9599 ... if I can pick up I will. Hopefully, can pick a day where you can attended from noon on. Very happy to do! c
OK.
Take 2.
1 if you're a purest.
2 if you're a traditionalist.
3 if you're an experimentalist.
5 if you're a conformist.
More than 5 funds, you should have your keys taken away.
c
So many funds or fund houses try to rebrand, even those not acquired.
My least favorite task on MFOP is maintaining our master fund names list!
Rebranding seems pointless to me.
If you deliver for your shareholders, you don't need to rebrand.
c
@mskursh.
"... the surviving focus/select funds that exist today or have long track records are standing on the corpses of many that have gone extinct..."
ouch.
"Standing on the shoulders of giants" is a metaphor I've embraced for years.
But cor…
Lucky you!
I too was heavy IOFIX from beginning of 2018 through that awful 3rd week of March 2020. A champion of the strategy and the firm, especially Tom Miner.
Junkster called it the greatest fund ever ... and I agreed with him.
IOFIX was in go…
Thanks. I'm usually skeptical of faith-based and veterans-based funds (USAA). Ever since I came across Timothy "Biblically Responsible" Funds (see family table below), which is perpetually on the bottom of our Fund Family Scorecard, likely because o…
Here's latest on this saga ...
IOFIX has not recovered and outflows continue.
I also see that Tim Miner has departed Garrison Point. I was a big fan. Garret Smith, Brian Loo, and Jonathan Tran remain.
Just 2 years ago, IOFIX enjoyed more the $4B …
Below is an update to ybb's chart ... IOFIX has not recovered, and outflows continue.
I also see that Tim Miner has departed Garrison Point. I was a big fan. Garret Smith, Brian Loo, and Jonathan Tran remain.
Just 2 years ago, IOFIX enjoyed more t…
Thanks BaluBalu.
I extracted the paragraphs below from our 2021 MICUS report. A bit dated, but I believe M* has continued to grow its business even higher in the 3 years since.
The Business
If attendance at Morningstar The Conference was down thi…
@FD1000. Great portfolio for that decade. Ex post anyway. I too held FAIRX during those years. Unfortunately, I held FAAFX through the next!
@Shoatakovich. Yep. That excludes a lot of funds. But having a big team doesn't always help either ... D&am…
@stillers. Yep. Agree that's where most of the clamor came in 2020/2021. There were lots of 100% Club funds during that time and a few 200% Club funds.
See David's commentary: "291 funds (and uncounted ETFs) have 12-month returns in excess of 100%.…
Again, her time in the barrel. We do this to fund managers. The human condition. Build them up. Knock them down.
Easier to say, ex post, but like just about every fund this past decade, hard to beat pure beta.
Return Comparison Since ARKK Inceptio…
FAIRX approaching 25 year since launch.
Interesting that we are talking about Wood and Berkowitz with similar threads.
I find the chart below fascinating!
FAIRX Flows and Return Data Since Inception (Absolute Scale)
Over its long life, it's ac…
Here's same plot but with absolute scale and since inception ... an awful lot of wealth destruction, if things end today, at least for the those late to the party. Earliest investors have still doubled their money, over 10 years.
ARKK Flows and Ret…
Cathie was the flavor for seven years ... and then 2022 came.
Amazing to me that returns are down 64%, but outflows only 16%. Pretty loyal fan base! Not sure Berkowitz fared as well.
ARKK Flows and Return Data Last 3 Years
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 5 July.
The holiday week was a good one for equities! Weeks To Date (through yesterday), QQQ up 21.5% and SPY 17.4.
The Mid-Year Rev…
Word of caution on CD ... Schwab and Fidelity post highest yielding rates on their CD summary table. Unfortunately, nearly all these are callable. Non-callable seems to be about 0.5% lower. Something to consider, especially with ladders.
I've recom…
Laddered CDs ... 1, 3, 5 years ... all paying 5.3%, nominally, risk free as they come. No fee on new issues.
MINT. 5.3% yield.
RPHIX. 5.7%.
CBUDX. 5.9%
CBLDX. 7.5%.
Come quickly to mind.
c
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 28 June.
Used the intermonth data to get peak of month ending June performance, which allows review at the mid-year mark.
Will announ…
Just posted all ratings to MFO Premium site through May, which includes month to date performance through Friday, 7 June.
Add annualized return to TipTool in Flow and Returns charts for periods greater than 12 months, plus several other enhancement…
Hi ybb. Thank you! Yes, I find the new flows data fascinating. Big flows out of funds performing well, like DODGX, but sticky on funds doing terrible, like ARKK.
So, the calendar year (and fixed period) category tools, like averages, count, catflow…
The latest update includes Fund Flows Analytics by Calendar Year: fund flows, total net assets, ratings, including breakouts by category, subtype, type, active, passive, and ETFs. Working to bring to Fixed Period tools as well, which will enable sea…
